Decoding Slowdown: India's export needs a paradigm shift
Indian export is globally uncompetitive because of high cost of credit, poor skill and innovation and high tax component which the government needs to address

- Sep 11, 2019,
- Updated Sep 11, 2019 2:31 PM IST
India's net export, one of the four key components of the GDP, has been in negative zone for decades, proving a big drag on its growth story. The gap between India's export and import has been growing bigger and bigger in the past decade. It crossed the $100 billion mark in 2008-09 and has remained above that since, clocking $184 billion in 2018-19.
Higher the negative trade balance, higher the current account deficit (CAD) and higher the drag on foreign exchange reserve . This has been a cause of prolonged anxiety.
India's net export, one of the four key components of the GDP, has been in negative zone for decades, proving a big drag on its growth story. The gap between India's export and import has been growing bigger and bigger in the past decade. It crossed the $100 billion mark in 2008-09 and has remained above that since, clocking $184 billion in 2018-19.
Higher the negative trade balance, higher the current account deficit (CAD) and higher the drag on foreign exchange reserve . This has been a cause of prolonged anxiety.